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Dude real bitcoiners are out there using bitcoin in the real world, out there spending it via lightning and ecash... Using it non-kyc running their own lightning nodes and such.
None of that is 'normie' whatsoever, maybe it will be one day but its nowhere near normie today.
I feel so conflicted about this whole thing. Non kyc bitcoin is great... But there are relatively few places where you can go and spend it on the goods and services you need to live. Maybe square's integration will change that... Maybe it won't.
For example I know I could live on steak n shake fries however... Its terrible for my cholesterol so that's probably not a 'long term' plan.
Then there's non kyc purchasing itself... For any substantial amounts of money there is a paper trial, its almost impossible to be completely anonymous, and dealing in cash defeats the purpose as the purpose is to use bitcoin not fiat anyway.
Then when one considers the broader privacy considerations... Being 'really private' is a bitch. Your phone, your financial records, your credit card usage, even your personal vehicle comes with a certain amount of tracking built in... Which the vast majority of people just accept/don't think about.
The way I look at bitcoin is relatable to firearm's ownership in the united states... It will never be completely private, it can't be. Show up at a shooting range, or buy guns at a shop and there will be a record somewhere for someone. And any serious use of a firearm for defensive purposes (like for home defense) is a big deal and you will want ALL documentation possible that you did everything right, seriously.
So the goal isn't perfect anonymity but having guns (or bitcoin) in the hands of as many people as possile, teaching financial education, and teaching people about their rights and the role + dignity of the taxpayer.
Citizens are most free when they are well educated, well employed and heavily armed... That Europe not only has taken the guns but is so hell bent on financial censorship and censorship of speech... Is just sad.
One day people will wake up and the financial censorship, the 'age verification' which requires the upload of ID documents... Will be all over them and they will say "why what happened?"
Hopefully things will improve... However it's important to be patient. The vast majority of the people I come across, even millennials, don't know anything about bitcoin and the number of people who think it is a scam or 'great big ponzi' is enormous.
That's why I posted this picture... Hunter gatherer societies encountering an aircraft in the sky have no fucking idea what they are looking at. And it is the exact same when 'regular people' encounter energy based money or energy based digital capital.
For lots of ships every day all day maybe not. But to get started some of those coinjoins are pretty big.
I can imagine if Iran starts using it then other countries/Russia/China will too and they will get bigger.
Just my opinion
It was going to happen sooner or later. I wonder how many ship have actually paid? I read today that about 25 ships have paid the toll but the article didn't say any more
President trump is one of the best... And the worst things to ever happen to Bitcoin but not for the reasons maga thinks.
Just an observation
Will have to try this. Before this merchants had to enable it manually...
Square everywhere will be awesome :D
They are 2 sides of the same coin IMO. One is digital capital the other digital intelligence.
One will bullshit you out of your money and your sanity... The other is a civil-resistant source of truth.
In the long run... they need each other.
In the long run and I mean LONG run large parts of the internet will be pay to post, because without hashcash widespread and deeply imbedded on the internet there is almost no way to determine what's real and who's human. Anything 'real' will require proof-of-work/payment/pay to post because the energy of the sat ultimately cannot be faked.
That way the sat becomes the unit of energy across the internet and the exahash the digital unit of power - both necessary to know what is 'real.'
The most bullish thing one could say... Is that AI is the best thing that has ever happened to bitcoin, and that we become a sha-256 based civilization.
Just my 2 sats
If people could pay with bitcoin almost anywhere and everywhere... What would be the point of crypto again?
Why do they need a de minimis exemption for stablecoins... If they are already stable?
I don't know other than just let the market figure it out...
But they say they will have the name "bitcoin" but for that they need sizable hashrate otherwise they will have a fork chain...
Who is going to buy bitcoin knots once it forks? To the best of my knowledge they haven't decided on a name for their chain to differentiate it from bitcoin, they should do that otherwise what will the exchanges call it?
After they fork they need to get a difficulty adjustment on their chain, no?
If they have 1% of hashrate on the knots chain then it takes 200 weeks to get a difficulty adjustment or like almost 4 years.
And blocks are every 1000 minutes so 6000 minutes or 100 hours... to get final confirmation at 1% hash.
Even if they had 10% of hashrate... It would still take 10 hours to get final confirmation, meanwhile all the merchants they supposedly love to use don't even accept their bitcoin because the vast majority of service providers still run core and on-chain confs will take a really long time.
Even opening a lightning channel with 3 confs... Would take 30 minutes x 10 or 300 minutes / 5 hours to open one channel.
Without hashrate their chain will be barely usable they want to "save bitcoin" because "bitcoin is money" how will they use it as money if they can't make transactions?
I run 3 core nodes to tell me what "is bitcoin" and what my balance is. 2 of 3 of those on Debian and one on a virtual machine.
They all agree exactly.
Why would I tredge the bottom of the internet "download knots" and "run bip110" to "save bitcoin".... Because a bunch of randos say so?
And run... A soft fork with almost zero mined blocks that's set to activate... With my hard earned money and funds?
Why would that be a good idea???
What's the point of using a cryptocrrency... If it can just be frozen at any time?